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Serbia
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Fortenova sells agri unit to Podravka for 333 mln euro
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Serbia grants land for factory construction to Turkish car parts maker Erenli

Oct 26, 2021, 10:45:17 AMArticle by Radomir Ralev
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October 26 (SeeNews) - Serbia's state aid commission said it has approved the delivery of 7.6 hectares of land to Turkish company Erenli for the construction of a 16.65 million euro ($19.4 million) factory for automotive cooling systems.

Serbia grants land for factory construction to Turkish car parts maker Erenli
Car parts; Source: Pixabay

The state aid to Erenli for the construction of a factory in Leskovac, in eastern Serbia, is in accordance with the regulations, the commission said in a notice on Monday.

The Turkish investor pledged to open 338 jobs at the factory, the commission added.

Erenli plans to implement the project through its Serbian subsidiary Erenli Leskovac established in May 2021.

According to the investment project, the automotive cooling systems manufactured in Leskovac will be sold to Daimler Mercedes, FCA, PSA, Renault, Nissan, Volkswagen, Kia, BMW and Hyundai.

($ = 0.896466 euro)

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